Upcoming IPOs With Anil Singhvi: Market Guru reveals reason for so many public issues coming in March and why more may come

Upcoming IPOs With Anil Singhvi: In the year 2021, around 12 Initial Public Offers (IPOs) have been listed on Indian exchanges and around 11 companies have received nod from the market regulator SEBI (Securities and Exchange Board of India). Zee Business Managing Editor Anil Singhvi said that if these companies decided to open their IPO in March, then in that case they won't need to give the audited account to the SEBI. However, if they fail to open their IPO in March, 2021, then the they will have to submit fully audited accounts.

Revealing why large number of companies are opening their IPOs in March, Anil Singhvi said, "If the company decides to open its IPO in March, then in that case, they don't need to submit their audited accounts and hence companies who have received the SEBI nod to offer their public issue for listing, are coming in big numbers for listing purposes."

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On 11 companies already having SEBI nod for IPO listing, Zee Business Managing Editor said, "These 11 companies have still a few days left with them. If they want to avoid the audited account submission process at SEBI, they will have to at least open their public issue for subscription by 31st of March 2021. In that case they will not be asked by SEBI to submit their audited accounts. They can use this SEBI benefit even if the offer gets opened by March 31st and its share allocation and listing happens in April 2021."

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बाजार में IPO की बरसात...

2021 में अब तक आए 12 कंपनियों के IPO...

मार्च में अभी किन कंपनियों के आएंगे IPO? जानें यहां#IPO @AnilSinghvi_ @VarunDubey85 pic.twitter.com/tGQaq9OPMU

— Zee Business (@ZeeBusiness) March 22, 2021

On how long it would take for a company to submit audited account, if it fails to open IPO by 31st of March, the Market Guru said, "It would take around one and half to two months to get one's accounts fully audited. Since we are not out of the lockdown completely, it may take some more time. So, the companies that fail to open their IPOs by 31st March 2021, will take at least one and half to two more months for their IPO listing to happen due to this SEBI clause."